Bitcoin’s next 60 days could be important for determining whether the current bear market reaches a bottom by October or continues into November or December, according to an analysis of historical market cycles. Bitcoin is currently trading around $63,000. Historical data shows that August and September have often been weak months for Bitcoin, particularly during
After reaching its peak of $126,000 in October, Bitcoin entered a bear market, falling to around $57,000 before continuing its sideways movement above $60,000. While discussions continue about whether $BTC, which has been moving sideways between $60,000 and $65,000 for some time, has reached its bottom, one analyst pointed to October as a possible bottom.
Bitcoin ($BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July. Key points: Bitcoin avoids further downside as US PPI data provides a boost to US equities. Cleveland Fed president stays hawkish on the outlook for interest-rate policy. Bitcoin long liquidations make $61,000 a key level
An $XRP Ledger validator has urged users to exercise extreme caution when dealing with tokenized stocks and yield-generating products on the network. XRPL validator Vet, aka Hussain Zangana, said users should not assume that tokenized assets are safe simply because they are issued on the $XRP Ledger. He stressed that the ability to issue a
Happy Thursday, advisors! In today’s newsletter, Joyce Lai explores why, with more clients integrating crypto into their estate plans, traditional advisors risk losing relevance by ignoring this growing, long-term asset class. Then, in “Ask an Expert,” Bryan Courchesne, CEO of DAiM, answers questions about market sentiment and investment trends. Happy reading. Crypto is already in
Institutional crypto liquidity provider B2C2 has appointed Jason Lai, the former chairman of Schroders Wealth Management Asia, as a senior adviser in Singapore, as the firm looks to deepen its ties with family offices, funds and asset managers across Asia-Pacific, the company said in a press release Thursday. Lai is a veteran of Asia’s private
Swiss banking firm Swissquote Group (SQN) cut full-year revenue and profit forecasts after first-half net crypto income fell 66.2% to 14.6 million Swiss francs ($18 million). Crypto trading volume at the Gland, Switzerland-based fintech dropped 63.5% to 2.58 billion Swiss francs, according to its results presentation. The company cut its net revenue outlook for the
Figure Technology Solutions (FIGR), the blockchain lending firm co-founded by former SoFi CEO Mike Cagney, more than doubled its revenue in the second quarter as lending activity surged across its marketplace The company reported $226 million in net revenue for the quarter ended June 30, up 113% from a year earlier. Net income climbed 192%